Search for:
About
About
The Firm
Our Story
Community Involvement
Recognition
International
Careers
Our People
Expertise
Practices
Aviation Law
Banking & Finance
Commercial Law
Corporate Law
Corporate Services
Dispute Resolution
Employment & Labour
Global Mobility
Immigration Law
Intellectual Property
Maritime Law
M&A
Media Law
Privacy & Data Protection
Private Clients
Property
Risk & Compliance
Tax
Sectors
Aviation
Charities & NGOs
Digital Gaming
Energy & Resources
Film
Financial Services
Gaming
ICT & Media
Pharma & Biotech
Real Estate
Yachting
Core Services
Company Formation
Property Conveyancing
Residence Permits
Trademark Registration
Yacht Registration
Insights
Insights
News
Publications
Factsheets
Thought Leadership
Videos
Events & Webinars
Careers
Contact
Insights
News
Investor Compensation Scheme (Amendments) Regulations, 2011, Ma
Investor Compensation Scheme (Amendments) Regulations, 2011, Ma
Dr Anton John Mifsud | Published on 15 Mar 2011
Legal Notice 62 of 2011 (effective as from 1 January 2011) entitled
Amendments to the Investor Compensation Scheme Regulations has presented a
mendments to the Investor Compensation Scheme Regulations (ICS) with regards to the Fixed Contribution. The main purpose of Legal Notice 62 of 2011 is to provide clarifications to the licence holder in the following instances:
- The obligation to contribute to the ICS automatically comes into force on the issuance of the licence by the competent Authority (MFSA). This implies that licenced companies have to contribute to the ICS irrespective of whether they have carried out investment services activities or not during that particular year; and
- The contribution to the ICS has to be computed on a pro-rata basis (i.e. on a daily basis) during the first year when the licence is issued. This also applies to licence holders which upgrade their licencing status from one category to another.
Legal Notice 62 of 2011 (effective as from 1 January 2011) entitled
Amendments to the Investor Compensation Scheme Regulations has presented a
mendments to the Investor Compensation Scheme Regulations (ICS) with regards to the Fixed Contribution. The main purpose of Legal Notice 62 of 2011 is to provide clarifications to the licence holder in the following instances:
- The obligation to contribute to the ICS automatically comes into force on the issuance of the licence by the competent Authority (MFSA). This implies that licenced companies have to contribute to the ICS irrespective of whether they have carried out investment services activities or not during that particular year; and
- The contribution to the ICS has to be computed on a pro-rata basis (i.e. on a daily basis) during the first year when the licence is issued. This also applies to licence holders which upgrade their licencing status from one category to another.
Request More Information
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.
First Name
Last Name
Email
Tel No
Please send me legal and other updates
Message
Kindly tick the tickbox below
Information you submit to us is processed as per our Privacy Policy.
Related Industry Groups
Malta Financial Services Sector
Related Practices
Investment Funds
Investment Services Law
Malta Banking & Finance
Tax of Trusts & Investment Vehicles
Related Opportunities
Financial Services in Malta